Niksniks, i believe the lack of production has been factored into most buying decisions now, so i don't believe we should (hopefully) see any downward movement in the sp. I believe buying now is with a view to the future, even he latest report sponsored by the Roo states that focus has not been on production (no surprise for most of us here), but on acquisition.
If production does actually start to ramp, then i would expect a slow increase in the sp through the rest of the year. Not huge, but mid to high $0.20's, with possible spikes for new drilling results or a favourable end to the boundary dispute etc.
Interesting that the latest report places no value on the more exciting Roo tenements, but does allude to the potential. Nice touch. Good marketing?
KRL Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
